Holding Course, Missing Speed

This report by the International Institute for Sustainable Development evaluates the progress of Clean Energy Transition Partnership (CETP) signatories in 2024, two years after their deadline to end international public finance for fossil fuels. While fossil fuel funding has decreased significantly, the report highlights a failure to redirect those funds toward clean energy at a sufficient scale.

• CETP members achieved a significant reduction in international public support for fossil fuels in 2024, decreasing funding by up to 78% to a total of USD 4.7 billion.
• The redirection of funds from fossil fuels to clean energy has been insufficient; renewable energy finance increased by only USD 3.2 billion in 2024 relative to the 2019–2021 period, representing less than one-fifth of the funds shifted away from fossil fuels.
• Policy alignment among high-income signatories is incomplete, with only 10 of 17 having fully aligned their energy finance policies with the CETP pledge, necessitating the closure of loopholes that permit ongoing fossil fuel financing.
• The report recommends that signatories establish a collective target of at least USD 42 billion to scale clean energy finance in developing economies and emerging markets via the CETP Clean Energy Action Plan, focusing on fair finance and transformative subsectors like storage and grids.
• The stability of CETP gains is currently threatened by rising geopolitical tensions and the departure of the United States from the commitment in February 2025.

APA

DeAngelis,, N. J. U. O. M. (2025). Holding Course, Missing Speed. International Institute for Sustainable Development. https://www.iisd.org/publications/report/ending-fossil-fuel-finance-unlocking-clean-energy

Chicago

DeAngelis,, Natalie Jones,Indira Urazova,Claire O'Manique,Adam McGibbon,Kate. Holding Course, Missing Speed. International Institute for Sustainable Development, 2025. https://www.iisd.org/publications/report/ending-fossil-fuel-finance-unlocking-clean-energy.

Wikipedia

{{cite report |last1=DeAngelis, |first1=Natalie Jones,Indira Urazova,Claire O'Manique,Adam McGibbon,Kate |title=Holding Course, Missing Speed |publisher=International Institute for Sustainable Development |date=29 September 2025 |url=https://www.iisd.org/publications/report/ending-fossil-fuel-finance-unlocking-clean-energy |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{deangelis2025holding, author = {DeAngelis,, Natalie Jones,Indira Urazova,Claire O'Manique,Adam McGibbon,Kate}, title = {{Holding Course, Missing Speed}}, institution = {International Institute for Sustainable Development}, year = {2025}, month = sep, url = {https://www.iisd.org/publications/report/ending-fossil-fuel-finance-unlocking-clean-energy}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }